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re: Energy M&A, who's getting who?
Posted on 11/14/15 at 9:47 pm to GREENHEAD22
Posted on 11/14/15 at 9:47 pm to GREENHEAD22
Much of XTO's portfolio was built on natural gas. Exxon paid a 25% premium at ~ $41 Billion including debt. Gas prices have dropped quite a bit since 2009 so that deal doesn't make a lot of sense at the moment. In the future, it could look great as we switch from using oil to more natural gas though.
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